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Illinois Legislative Alert - SB836
08-17-2015, 12:38 PM, (This post was last modified: 08-17-2015, 12:41 PM by AcilletaM.)
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Illinois Legislative Alert - SB836
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(08-17-2015, 11:18 AM)BelieveIn308 Wrote: I can see a big problem, if it exempts any property. For instance, families would place the title in disabled veterans names for all properties held. Thus avoiding any property taxes. I could go along if it only covers the primary residence of the veteran. Commercial, Industrial and Rental Properties would not qualify. Otherwise I foresee widespread abuse.

It doesn't apply to commercial or industrial properties, the Vet or the unremarried spouse of a deceased Vet must reside there, and the property's appraised value must be below a certain value.
(08-17-2015, 11:18 AM)BelieveIn308 Wrote: I can see a big problem, if it exempts any property. For instance, families would place the title in disabled veterans names for all properties held. Thus avoiding any property taxes. I could go along if it only covers the primary residence of the veteran. Commercial, Industrial and Rental Properties would not qualify. Otherwise I foresee widespread abuse.
It doesn't apply to commercial or industrial properties, the Vet or the unremarried spouse of a deceased Vet must reside there, and the property's appraised value must be below a certain value.
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Messages In This Thread
Illinois Legislative Alert - SB836 - by AcilletaM - 05-30-2015, 10:27 AM
Illinois Legislative Alert - SB836 - by Brian S - 06-14-2015, 12:35 PM
Illinois Legislative Alert - SB836 - by AcilletaM - 08-17-2015, 12:38 PM

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